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Dec 26, 2012
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dramatic spending cuts will kick in. president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold right now down about slightly under the flat line there, 1,-658. well below the 1,700 mark. the cme globex has been closed for christmas. it's going to reopen at 6:00 a.m. eastern time. that goes for treasuries and the foreign exchange market, as well. >> as for action in the overseas markets, the u.k. is closed today for boxing day as are some of the former brish colo
dramatic spending cuts will kick in. president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us....
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Dec 30, 2012
12/12
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president obama appeared today on nbc's "meet the press" and said the cuts in spending need to be fairly distributed. >> what i'm not willing to do is to have the entire burden of deficit reduction rest on the shoulders of seniors making students pay a higher student loan rates, ruining our capacity to invest in things like basic research that help our economy grow. >> in news overseas the bodies of the dead are being carried away in syria today. at least 397 people were killed saturday. that is the deadliest day so far in the 21-month long civil war. another 52 died today. the joint u.n. arab league envoy said the situation is rapidly deteriorating but that a solution is still possible. >>> in massachusetts boston's mayor lifted a snow emergency a little earlier today. more than a foot of snow fell on several towns across that state overnight. crews are clearing tons of snow in the gillette stadium now preparing for the patriots/dolphins game this afternoon. >>> keep it here as the clock ticks to the fiscal cliff. we are live on capitol hill and at the white house. plus we'll be back wi
president obama appeared today on nbc's "meet the press" and said the cuts in spending need to be fairly distributed. >> what i'm not willing to do is to have the entire burden of deficit reduction rest on the shoulders of seniors making students pay a higher student loan rates, ruining our capacity to invest in things like basic research that help our economy grow. >> in news overseas the bodies of the dead are being carried away in syria today. at least 397 people were...
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Dec 29, 2012
12/12
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to avoid tax hike and spending cuts from taking effect. lisa desjardins is live on capitol hill. what's going on right now? >> reporter: right now it's all behind closed doors, martin. what we just have learned in the last hour, in fact, what reporters have seen here, a surprise. house speaker john boehner was here at the capitol. we're still trying to sort out exactly why he was here, but he wasn't here for very long, it seems. he left in the last hour. also, we were able to see some of senator mcconnell's staffers. i was able to speak to one of them coming in and out of these kind of closed-door planning meetings. he said they've been here since 9:00 a.m. they plan to work all day and we may see his boss, senator mcconnell, later today. that shows us kind of where things stand. i wanted to break this down simply because there's so much that complicates the story. let's look really quickly at a graphic of the basics, what's happening right now. here's where we stand with the fiscal cliff. first of all, who's doing the negotiating? ice the
to avoid tax hike and spending cuts from taking effect. lisa desjardins is live on capitol hill. what's going on right now? >> reporter: right now it's all behind closed doors, martin. what we just have learned in the last hour, in fact, what reporters have seen here, a surprise. house speaker john boehner was here at the capitol. we're still trying to sort out exactly why he was here, but he wasn't here for very long, it seems. he left in the last hour. also, we were able to see some of...
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Dec 31, 2012
12/12
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under president bush and president obama. and i think republicans ask for less than they should have, we're going to have to ask for more in the way of spending cuts because once we do this very small, large increase on the wealthy, but small amount of revenue, we have to come back again. and i think the middle class has to understand that you can only get so much from the rich when they're already going to be paying over 55% on their ordinary income come next year, at least in my state of california. there is going to be a limit how much you can do. ultimately all taxes end up being paid disproportionately for the middle class. >> are you going to vote for this? >> i haven't seen the bill yet. >> would you vote for tax increases or tax cuts up to 450,000? >> i said aultimately i'll finda way to support something to bring to the american people. i think this bill will have too few cuts and will depend on a small amount of people that candidly don't represent enough money to bring a real fix to our trillion dollar deficit. >>
under president bush and president obama. and i think republicans ask for less than they should have, we're going to have to ask for more in the way of spending cuts because once we do this very small, large increase on the wealthy, but small amount of revenue, we have to come back again. and i think the middle class has to understand that you can only get so much from the rich when they're already going to be paying over 55% on their ordinary income come next year, at least in my state of...
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Dec 28, 2012
12/12
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big spending cuts at the pentagon. and all the polls show that the republicans are going to be blamed for all of this. so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people in the white house and treasury department don't want that to happen because they think the markets may freak out. already the markets are reacting to the news within the last hour. yesterday the markets dipped a little bit on reid's comments in the senate. so they are worried about the economy. i think purely politically, obama will be strengthened once we go over. >> ryan lizza, thank very much. it's going to be an interesting couple of days. >> yeah, it sure is. >> thanks, ryan. >>> weapons of war on the streets of los angeles.
big spending cuts at the pentagon. and all the polls show that the republicans are going to be blamed for all of this. so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people...
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Dec 27, 2012
12/12
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obama's spending being higher than the bush years. that is not true. the deficit which increases our debt grew so much under obama because he put both wars into the budget. george bush kept them out of the budget, was not paying for them, so things looked good. in the first few years of the obama administration, he created more jobs than george bush did in eight years. george bush's comment was the surpluses are for spending. he put us in massive debt, left it on obama. these people sit here and watch these idiots on tv say these things are not true. and then they go and push based on what they're hearing instead of looking into the fact of the matter. host: mr. forbes? guest: i did make mention that spending did increase dramatically under george bush. no matter how you account for the wars, domestic spending under president obama increased very substantially to the point that it is the highest it has been without a world war. that is why we're getting these massive deficits today. we have never had anything like this without a major war. you can righ
obama's spending being higher than the bush years. that is not true. the deficit which increases our debt grew so much under obama because he put both wars into the budget. george bush kept them out of the budget, was not paying for them, so things looked good. in the first few years of the obama administration, he created more jobs than george bush did in eight years. george bush's comment was the surpluses are for spending. he put us in massive debt, left it on obama. these people sit here...
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Dec 28, 2012
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it ended with the reelection of barack obama. if you could think of adjectives, what would they be to describe these seven years? >> interesting. challenging. sometimes totally frustrating. full of opportunities for the country. there were good times during these 12 years, laced together with some that were not so good. 9/11. the anthrax scare. there were also positive things. the election of barack obama i thought was a very positive statement for the country and moving forward in a way out of a fiscal of this. abyss.thi i could not have imagined a better time to have been here with all of the things that have happened. >> let me ask you to look back over those 12 years and ask what the high point was. >> when we could work together. maybe the single event that would and body that is the gang of 14. john mccain and i put together six other democrats and six other republicans to avoid what was then called the nuclear option, changing the rules, turning the senate into a smaller version of the house, where the rights of the minori
it ended with the reelection of barack obama. if you could think of adjectives, what would they be to describe these seven years? >> interesting. challenging. sometimes totally frustrating. full of opportunities for the country. there were good times during these 12 years, laced together with some that were not so good. 9/11. the anthrax scare. there were also positive things. the election of barack obama i thought was a very positive statement for the country and moving forward in a way...
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Dec 28, 2012
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. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for paying what. so it's going to be a mess if this is not handled quickly. host: if we are sitting here a month from now after the inauguration and there's still no final agreement on taxes, could that the label 15 -- guest: no doubt about it. secretary dieter even said that a few days ago. --secretary tim geithner. it could delay the tax filings. the government relies on augus
. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their...
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Dec 31, 2012
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caller: i do not understand why president obama was doing at that rally. he needs to get in his car and go on down to the capital and try to figure out this mess. he himself and the democrats and republicans all equally created it. he is a democrat and he needs to take the leadership role and he has not done that. he does most to be the cheerleader and the champion. i am tired of the democrats'. host: ok, we will go to fort lauderdale, fla.. caller: i am very disappointed that the president has failed to be, has chosen to create an environment of blame, which is not good for anyone. we did not really have this class warfare before. there is all this talk, but nothing about the real issue which is the debt. i am more worried about the future generations, bankrupting the future generations. and by not dealing with entitlements, what are we going to do? and he always talks about how entitlements -- the cuts will not really be entitlement cuts for 10 years. there's a lot of scare factor here. there's a lot of misinformation caller:. -- there's a lot of misinfo
caller: i do not understand why president obama was doing at that rally. he needs to get in his car and go on down to the capital and try to figure out this mess. he himself and the democrats and republicans all equally created it. he is a democrat and he needs to take the leadership role and he has not done that. he does most to be the cheerleader and the champion. i am tired of the democrats'. host: ok, we will go to fort lauderdale, fla.. caller: i am very disappointed that the president has...
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Dec 27, 2012
12/12
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these are automatic spending cuts. the obama doesn't want them. this is leverage point for republicans. adam: you're an economist. we're journalists and we're only good for free drinks. are we going over the cliff? >> i think it is undeniable the economy falls into recession if we do go over the fiscal cliff. even chairman bernanke was very clear on this point telling everyone if the economy goes over the fiscal cliff even the fed itself does not have you have enough tools to go over against the impact. in terms of lack of investment and in terms of businesses closing their doors and remaining sidelined still for quarters going into 2013. adam: well, lindsey, you again are an economist. which is worse, the spending cut from the sequestration or the tax increase? which hits us, 310 million of us are american citizens. which hits us worse? >> well generally when we talk about the difference between spending cuts or tax increases you have to think of taxes as having 1 1/2 times the impact because what that does, there is a trickle down, in fact. we p
these are automatic spending cuts. the obama doesn't want them. this is leverage point for republicans. adam: you're an economist. we're journalists and we're only good for free drinks. are we going over the cliff? >> i think it is undeniable the economy falls into recession if we do go over the fiscal cliff. even chairman bernanke was very clear on this point telling everyone if the economy goes over the fiscal cliff even the fed itself does not have you have enough tools to go over...
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Dec 31, 2012
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of something very close to a trillion dollars of defense cuts the first obama term. the extra cuts really go well beyond muscle. we are into bone. defense secretary panetta has made that clear. in the president's own defense secretary saying that our defense capabilities are being cut unacceptably, you know that is bad. and let me just say, this is not a matter of been counting. this goes to the ability of america to sustain the international order that our economy rests on. you're not going to have sustained prosperity in the united states if the united states can provide whatever minimal order there is in the world today. that's the direction we're heading in. gerri: what's going to happen as a practical matter, laos, people, a machine. what will get cut? >> if the sequestration goes through over the long term, obviously the worst thing that will happen will be our inability to procure the sophisticated and expensive weapons system that we need. in the short term on sure there will try personnel layoffs to mitigate the effect of it, but it is unpleasant either way.
of something very close to a trillion dollars of defense cuts the first obama term. the extra cuts really go well beyond muscle. we are into bone. defense secretary panetta has made that clear. in the president's own defense secretary saying that our defense capabilities are being cut unacceptably, you know that is bad. and let me just say, this is not a matter of been counting. this goes to the ability of america to sustain the international order that our economy rests on. you're not going to...
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Dec 29, 2012
12/12
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because when it comes to spending cuts, president obama says his own, his own words, quote, lays the groundwork for that in the future. the last big budget deal in the summer of 2011, it ended with precisely the same promise, which in turn ended in failure and the fiscal crisis facing the country today. why believe him this time? >> the ball is actually not in his court right now. the ball is in the senate and the house court to come up with a bill that he can sign. so he's trying to set a tone right now about what would be acceptable in the short-term. these long-term issues around entitlements are exactly that, they're long-term issues. to manufacture a decision deadline of 48 hours from now is kind of irresponsible because we're talking about systems that have been around for decades now that many americans depend on. we're talking about systems that are really earned benefits. they're not entitlements. we have paid money into. and we're -- >> we're down to the last minute because the president does not want to deal with the debt. he doesn't want to deal with structural entitlemen
because when it comes to spending cuts, president obama says his own, his own words, quote, lays the groundwork for that in the future. the last big budget deal in the summer of 2011, it ended with precisely the same promise, which in turn ended in failure and the fiscal crisis facing the country today. why believe him this time? >> the ball is actually not in his court right now. the ball is in the senate and the house court to come up with a bill that he can sign. so he's trying to set...
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Dec 30, 2012
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cuts to spending. >> we can't afford a politically self-conflicted wound to our economy. >> reporter: if the negotiations don't pan out, the president is ready to propose his own scaled back bill that would block tax increases for all but the wealthy and preserve expiring unemployment benefits. with the deficit ticking higher, patience is wearing thin. >> for those of us that invest in the stock market, it's disgusting to watch them jockey around with our money. we're affected every day. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 million in mandatory spending cuts scheduled to go into effect tuesday. >>> if the government does go over the cliff, the impact on the aviation industry could be disastrous, and it could have a domino effect on the economy. the transportation security administration could lose about 7% of its budget, and more than 7,000 security officers. passengers could face longer waits at security. the faa could see its budget cut, and that means fewer planes, passengers, and cargo. >> everybody's pocketbook and livelihood is tied to the
cuts to spending. >> we can't afford a politically self-conflicted wound to our economy. >> reporter: if the negotiations don't pan out, the president is ready to propose his own scaled back bill that would block tax increases for all but the wealthy and preserve expiring unemployment benefits. with the deficit ticking higher, patience is wearing thin. >> for those of us that invest in the stock market, it's disgusting to watch them jockey around with our money. we're affected...
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Dec 29, 2012
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spending cuts and tax hikes that will bite if lawmakers fail to come up with a plan. >> pessimism remains the prevailing mood in washington as the january deadline rapidly approaches. neither democrats nor republicans have any new proposals for a workable compromise. >> the starbucks coffee chain has urged its workers in washington, d.c., area to write "come together" on the cups, a plea for party leaders to work out a compromise, but some customers say that is not enough. >> i mean, i like with starbucks is riding on the cups. i wish they would write, like, something else, like "republicans, stop being stupid." >> i think the solution will probably be neutered and not very effective, but ultimately, i think they will avoid the fiscal cliff. >> but neither side appears willing to give in. democrats, for example, are frustrated that republicans will not agree to raise taxes on the wealthy. >> the majority of rich people in our great country are willing to pay more. the only people who disagree with that are republicans who work in this building. >> republicans say that democrats want to sp
spending cuts and tax hikes that will bite if lawmakers fail to come up with a plan. >> pessimism remains the prevailing mood in washington as the january deadline rapidly approaches. neither democrats nor republicans have any new proposals for a workable compromise. >> the starbucks coffee chain has urged its workers in washington, d.c., area to write "come together" on the cups, a plea for party leaders to work out a compromise, but some customers say that is not enough....
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Dec 24, 2012
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and across-the-board spending cuts in the federal budget. even with congress adjourned and president obama out of town, erme lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues, including tax rate hikes even ugh ih i don't like them, to get a-- to save the country from becoming greece, tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. ratey republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> glor: with christmas just two nuys away last minute gift buyers are out. today shopper track said raturday was the busiest day of the holiday season behind black friday. r wever a cut
and across-the-board spending cuts in the federal budget. even with congress adjourned and president obama out of town, erme lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it...
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Dec 29, 2012
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president obama met with the four top leaders yesterday. he met for just over an hour. now, earlier in the fiscal cliff talks, meetings like this had tended to be tense and nonproductive but this meeting gave rise to hopes of a last-minute deal. for the first time in weeks president obama reported genuine progress to averting some part of the so-called fiscal cliff. >> i'm modestly in agreement we'll achieve. >> they're now chasing a much smaller deal than originally sought. the final product if there is one will not include trillions in debt reduction or federal spending or tax code reform. it won't even include across the board spending cuts. it will focus on tax rates and a few spending items. >> that's the bearare minimum we should be able to get done. >> sidelined for now. house speaker john boehner. as they left they sounded like they were closing in on a compromise. >> think it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. >> we'll be working hard to try to see if we can get there in the next 24 h
president obama met with the four top leaders yesterday. he met for just over an hour. now, earlier in the fiscal cliff talks, meetings like this had tended to be tense and nonproductive but this meeting gave rise to hopes of a last-minute deal. for the first time in weeks president obama reported genuine progress to averting some part of the so-called fiscal cliff. >> i'm modestly in agreement we'll achieve. >> they're now chasing a much smaller deal than originally sought. the...
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Dec 31, 2012
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mcconnell and biden get along much better than mcconnell does with president obama. in the last 24 hours, the administration has given ground on raising threshold for income tax rates and estate tax rates, but also demanded much more in new government spending the republicans are comfortable with. it's that division between spending and taxes that continues to divide both sides, and that is the one thing that may prevent a deal from being achieved in the final hours as we get nearer to the fiscal cliff. >> major garrett, thank you. senator is live on capitol hill. >> thanks for having me. >> if there's a deal today, why would you vote to extend tax cuts if there are no new spending cuts? >> that's the exact thing. the real problem is the spending. if you want to raise taxes -- and the president promised in the campaign he wanted to do that -- it's to pay down on the deficit. there's no evidence of any of that. that's a major sticking point. the democrats are divided on tax rates, on the death tax, on taxes on small business and the republicans are holding firm that y
mcconnell and biden get along much better than mcconnell does with president obama. in the last 24 hours, the administration has given ground on raising threshold for income tax rates and estate tax rates, but also demanded much more in new government spending the republicans are comfortable with. it's that division between spending and taxes that continues to divide both sides, and that is the one thing that may prevent a deal from being achieved in the final hours as we get nearer to the...
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Dec 28, 2012
12/12
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, with five days left until the fiscal cliff of tax hikes and spending cuts. the house planned to reconvene on sunday evening. a christmas season storm rolled through the northeast and new england, as the death toll climbed to 16. and lisa jackson announced she's stepping down as administrator of the environmental protection agency. and online, we've got a unique year-in-review of sorts. kwame holman has more. >> holman: science correspondent miles o'brien has had a most interesting 2012. he's crawled in sewage, cuddled with dolphins and played guinea pig to lots of experiments. watch some of the best outtakes of miles' science stories on the rundown. and we round up the most important lessons we've learned about helping kids stay in school from our series, american graduate. all that and more is on our web site newshour.pbs.org. margaret? >> warner: and that's the "newshour" for tonight. i'm margaret warner. >> brown: and i'm jeffrey brown. we'll see you online and again here tomorrow evening with mark shields and david brooks among others. thank you and good
, with five days left until the fiscal cliff of tax hikes and spending cuts. the house planned to reconvene on sunday evening. a christmas season storm rolled through the northeast and new england, as the death toll climbed to 16. and lisa jackson announced she's stepping down as administrator of the environmental protection agency. and online, we've got a unique year-in-review of sorts. kwame holman has more. >> holman: science correspondent miles o'brien has had a most interesting 2012....
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Dec 28, 2012
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in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an hour after the meeting began, several participants were seen leaving. >> and back at the capital the senate's democratic majority leader harry reid and republican m
in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday....
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Dec 31, 2012
12/12
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>> we really think that president obama won the campaign in the spring. and what is key is in the west wing, in late may his advisors basically told him we want to spend the fall's budget right now, on a really tough tv assault against romney. and the president had to be convinced by the advisors to do this, and obviously he was thinking financially are we going to have that money in the fall or spend it now it was a risk but one that ultimately paid off for president obama. governor romney at that point was still trying to put together the pieces for his primary just ended. >> why didn't he respond? why didn't they refute the attacks about bain capitol? >> one of the issues was governor romney was just not willing to lend himself money as he was in 2008. there was a perception among his senior staff that he didn't want to be seen as buying the election. so in order for him to have gone toe-to-toe with obama at that point in time he would have had to use his own money and that wasn't even broached in the campaign. >> warner: one of the most fascinating th
>> we really think that president obama won the campaign in the spring. and what is key is in the west wing, in late may his advisors basically told him we want to spend the fall's budget right now, on a really tough tv assault against romney. and the president had to be convinced by the advisors to do this, and obviously he was thinking financially are we going to have that money in the fall or spend it now it was a risk but one that ultimately paid off for president obama. governor...
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Dec 31, 2012
12/12
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KRON
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about the spending of his administration. >> president obama said he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate reconvenes at 11:00 a.m.. as americans celebrate the beginning of 2013 they may wake up wishing it were 2012 when they had more money in their pocket-andrew spencer reporting. >> secretary of state hillary clinton was hospitalized with a blood clot. >> doctors say the same medical problem related to a concussion she recently suffered. >> a blood clot was found yesterday doing a follow-up medical visit. you remember 65 year-old clinton suffered a concussion several weeks ago after fainting while recovering from a stomach virus. >> let us bring it over to erica regarding our forecast. we have a driver is it? >> in to wednesday it expects to be the cold side. if resorting to go into affect. in the wet weather chances have diminished. here is a live look outside is a game left lick freeway. in downtown san francisco is a clear and cold start to the
about the spending of his administration. >> president obama said he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate reconvenes at 11:00 a.m.. as americans celebrate the beginning of 2013 they may wake up wishing it were 2012 when they had more money in their pocket-andrew spencer reporting. >> secretary of state hillary clinton was...
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Dec 29, 2012
12/12
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KRON
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before taxes rise and spending cuts take effect at the end of the year. he urges "washington politics" to not get in the way of "america's progress." meanwhile, in the republican address, missouri senator roy blunt says the nation can avoid going over the fiscalbama and the democratic- controlled senate work with republicans to solve the problem. >> the senate has approved a 60-point-4 billion dollar emergency spending package for hurricane sandy recovery. the measure, which was backed by democrats, now heads to the house. meanwhile, republican leaders favor a smaller aid package to pay for immediate sandy recovery needs, saying they need more time to consider any additional aid. >> sandy battered the east coast in late october. it was the most costly natural disaster since hurricane katrina in 2005. >> a connecticut attorney is asking permission to sue the state for 100 million dollars on behalf of a student who survived the mass shooting in newtown. the attorney says the 6- year-old student, identified as "jill doe," was in her classroom at sandy hook e
before taxes rise and spending cuts take effect at the end of the year. he urges "washington politics" to not get in the way of "america's progress." meanwhile, in the republican address, missouri senator roy blunt says the nation can avoid going over the fiscalbama and the democratic- controlled senate work with republicans to solve the problem. >> the senate has approved a 60-point-4 billion dollar emergency spending package for hurricane sandy recovery. the measure,...
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Dec 24, 2012
12/12
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KTVU
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talks to try to prevent automatic tax hikes and spending cuts won't resume until thursday. andrew spencer has the very latest. >> reporter: some republican lawmakers says president obama wants the country to fall off the fiscal cliff. >> we were gonna go over the cliff before. we are gonna now because that's what the president wants. >> reporter: house speaker john boehner failed to get enough vote for his plan b on thursday. that would have raised taxes on people making more than a million dollars a year. on friday, they left town with no deal. >> i've asked leaders of congress to work toward a package that prevent as tax hike on middle-class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> raising taxes could still be red ink as far as i can see and it would hurt jobs. >> reporter: some long-time lawmakers are dismayed by the perpetual gridlock. >> i feel it's more likely we'll go over the cliff than not and if we allow that to happen, it will be the most colossal consequen
talks to try to prevent automatic tax hikes and spending cuts won't resume until thursday. andrew spencer has the very latest. >> reporter: some republican lawmakers says president obama wants the country to fall off the fiscal cliff. >> we were gonna go over the cliff before. we are gonna now because that's what the president wants. >> reporter: house speaker john boehner failed to get enough vote for his plan b on thursday. that would have raised taxes on people making more...
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Dec 31, 2012
12/12
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president obama continues his secret drone wars. we spend the hour looking back at the moment and movements that shaped 2012. >> democratic congresswoman gabrielle giffords has announced she will step down this week. she was shot in the head last year in a shooting spree that left six people dead in tucson. >> thank you for your prayers and for giving me the time to recover. i have more work to do on my recovery, so i will do what is best for arizona. i will step down this week. >> iraqis are voicing outrage over the sentencing of the last marines charged in the 2005 massacre of 25 civilians. on tuesday, frank woodrich received no jail time. >> i was expecting the american courts would sentence the person to life in prison. he should appear and confessed to the world that he committed these crimes so that america could show itself as democratic and fair. >> in a dramatic scene yesterday on capitol hill, several democrats walked out of congressional hearings on the contraception rule. carol maloney of new york criticized the panel at
president obama continues his secret drone wars. we spend the hour looking back at the moment and movements that shaped 2012. >> democratic congresswoman gabrielle giffords has announced she will step down this week. she was shot in the head last year in a shooting spree that left six people dead in tucson. >> thank you for your prayers and for giving me the time to recover. i have more work to do on my recovery, so i will do what is best for arizona. i will step down this week....
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Dec 29, 2012
12/12
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LINKTV
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president obama says that congress must act now to avoid economic disaster. he has been meeting with republican and democratic leaders to reach a deal to avoid tax hikes and spending cuts that take effect january 1. >> the hour-long meeting with president barack obama was the first face-to-face session together with both republican leaders of the latest fiscal crisis. obama said he was modestly optimistic about the agreement by senate leaders on a compromise bill that could be voted on by monday. that is just two days before 6 under billion dollars of automatic tax hikes and spending cuts begin to take effect -- $600 billion of automatic tax hikes and spending cuts take effect. >> we want to make sure that unemployment insurance is still available for 2 million people and lay the groundwork for additional deficit reduction and economic growth steps to take in the new year. but let's not miss this deadline. >> we are working hard to get there in the next 24 hours. i'm hopeful and optimistic. >> whenever we come up with will be imperfect. some people will not l
president obama says that congress must act now to avoid economic disaster. he has been meeting with republican and democratic leaders to reach a deal to avoid tax hikes and spending cuts that take effect january 1. >> the hour-long meeting with president barack obama was the first face-to-face session together with both republican leaders of the latest fiscal crisis. obama said he was modestly optimistic about the agreement by senate leaders on a compromise bill that could be voted on by...
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Dec 27, 2012
12/12
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LINKTV
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of spending cuts and tax hikes kicks in with the new year. on wednesday, treasury secretary timothy geithner told congress the u.s. will reach its federal borrowing limit on new year's eve, threatening the same default that was narrowly avoided last year. in a letter to lawmakers, geithner vowed to take extraordinary measures to avoid a new default but said any remedies would only be short- term. the u.s. has acknowledged for the first time a carried out a september drone strike that killed 11 people in yemen. the victims were packed into ain truck on a desert road in a town of radda when they're struck by a missile. the washington post reports the yemeni government tried to hide u.s. responsibility for the attack by taking credit for carrying it out. the yemeni government also initially claimed only militants were killed in the strike, or forced to withdraw that claim after mourners tried to bring the dead bodies to the gates of the presidential residence. according to the washington post, the attack has devastated the community and militant
of spending cuts and tax hikes kicks in with the new year. on wednesday, treasury secretary timothy geithner told congress the u.s. will reach its federal borrowing limit on new year's eve, threatening the same default that was narrowly avoided last year. in a letter to lawmakers, geithner vowed to take extraordinary measures to avoid a new default but said any remedies would only be short- term. the u.s. has acknowledged for the first time a carried out a september drone strike that killed 11...
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Dec 28, 2012
12/12
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LINKTV
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some $600 billion in automatic spending cuts and tax increases will take effect if no agreement is reached. obama and the rest of republicans remain of the impasse over the republican refusal to allow tax hikes even for the wealthiest americans. senate majority leader on thursday accused house speaker john boehner of holding up a deal. >> the american people i don't think understand the house representative is operating without the house of representatives. it is being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >> adding to the urgency surrounding the talks, treasury secretary timothy geithner warned this week the u.s. will not be able to pay its creditors after monday unless the debt ceiling is raised. we will have more on the fiscal cliff talks, speaking with congressmember dennis kucinich after the headlines. environmental protection agency head lisa jackson has announced a resignation ahead of president obama's second term. jackson departs after a four- year tenure that saw advances in the regulation o
some $600 billion in automatic spending cuts and tax increases will take effect if no agreement is reached. obama and the rest of republicans remain of the impasse over the republican refusal to allow tax hikes even for the wealthiest americans. senate majority leader on thursday accused house speaker john boehner of holding up a deal. >> the american people i don't think understand the house representative is operating without the house of representatives. it is being operated with a...
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republican senate leaders with finding a compromise to the budget impasse a raft of tax hikes and social spending cuts come into force automatically on new year's day if the two political parties fail to find a way forward obama says he will call a vote in congress to stop the tax rises if they car work it and. the victim of a gang rape on a bus that triggered violent protests in india has died in a singapore hospital her body is expected to be flown back to india later on saturday the twenty three year old student was beaten and suffered massive internal injuries before being thrown out into the road attack course deep outrage in new delhi with widespread demonstrations taking place to call for greater protection for women. italy's outgoing prime minister says he will lead a coalition of centrist parties after february's parliamentary elections omarion monti is not ruling out a return as head of state should the alliance be successful he resigned earlier this month after his government lost its majority amid the country's deepening recession. now are coming up fast to that night of fun fireworks
republican senate leaders with finding a compromise to the budget impasse a raft of tax hikes and social spending cuts come into force automatically on new year's day if the two political parties fail to find a way forward obama says he will call a vote in congress to stop the tax rises if they car work it and. the victim of a gang rape on a bus that triggered violent protests in india has died in a singapore hospital her body is expected to be flown back to india later on saturday the twenty...
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wrestle a solution to its imminent fiscal cliff which could have far reaching ramifications president obama has charged democratic and republican senate leaders with finding a compromise to the budget impasse a raft of tax hikes and social spending cuts come into force automatically on new year's day if the political parties fail to find a way forward a barman says he will call a vote in congress to stop the tax rises if they can't work it out. the victim of a gang rape on a bus that triggered violent protests in india has died in the singapore hospital a body is expected to be flown back to india later on saturday the twenty three year old student was beaten and suffered massive internal injuries before being thrown out onto the road. rage in new delhi with widespread calls for greater measures to protect women. italy's outgoing prime minister says he will lead a coalition of centrist party to after february parliamentary elections and mario monti is not ruling out a return as a as head of state should the alliance be successful he resigned early this month after his government lost its ma
wrestle a solution to its imminent fiscal cliff which could have far reaching ramifications president obama has charged democratic and republican senate leaders with finding a compromise to the budget impasse a raft of tax hikes and social spending cuts come into force automatically on new year's day if the political parties fail to find a way forward a barman says he will call a vote in congress to stop the tax rises if they can't work it out. the victim of a gang rape on a bus that triggered...
WHUT (Howard University Television)
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Dec 31, 2012
12/12
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WHUT
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president obama believes it is time for the wealthiest americans to pay more in taxes. he has made that part of his negotiating position. he criticized republicans for resisting these tax increases. >> they said the biggest party is making sure we deal with the deficit and a serious way. the way they're beating is their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overriding unifying theme. >> the republican party argues it is ready to deal. it is the president and democrats were not. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest, frankly, their courage to close the deal. i want everyone to know i am willing to get this done. but i need a dance partner. >> if republicans and democrats don't join the dance soon, america will enter the new year and a state of heightened political and economic uncertainty. congress can choose to put a stop to this as soon as it likes. the news americans are wondering when it will do so.
president obama believes it is time for the wealthiest americans to pay more in taxes. he has made that part of his negotiating position. he criticized republicans for resisting these tax increases. >> they said the biggest party is making sure we deal with the deficit and a serious way. the way they're beating is their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overriding unifying theme. >> the republican...
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Dec 31, 2012
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>> we really think that president obama won the campaign in the spring. and what is key is in the west wing, in late may his advisors basically told him we want to spend the fall's budget right now on a really tough tv assault against romney. and the president had to be convinced by the advisors to do this, and obviously he was thinking financially are we going to have that money in the fall or spend it now it was a risk but one that ultimately paid off for president obama. governor romney at that point was still trying to put together the pieces for his primary just ended. >> why didn't he respond? why didn't they refute the attacks about bain capitol? >> one of the issues was governor romney was just not willing to lend himself money as he was in 2008. there was a perception among his senior staff that he didn't want to be seen as buying the election. so in order for him to have gone toe-to-toe with obama at that point in time he would have had to use his own money and that wasn't even broached in the campaign. >> warner: one of the most fascinating thi
>> we really think that president obama won the campaign in the spring. and what is key is in the west wing, in late may his advisors basically told him we want to spend the fall's budget right now on a really tough tv assault against romney. and the president had to be convinced by the advisors to do this, and obviously he was thinking financially are we going to have that money in the fall or spend it now it was a risk but one that ultimately paid off for president obama. governor...
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Dec 28, 2012
12/12
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in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an hour after the meeting began several participants were seen leaving. >> and back at the capital the senate's democratic majority leader harry reid and republican mi
in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday....
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Dec 31, 2012
12/12
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WRC
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president obama is the most admired man. >>> congress will spend part of the new year in session, trying to come up with a deal that will prevent the nation from going over the fiscal cliff. >>> the american academy of pediatrics has released a new statement encouraging elementary schools to let kids have their play time. recess gives children the opportunity to develop skills that can't be taught in the classroom, that it should not serve as a substitute for phys. ed. class. fond farewell 75 watt incandescent light bulb. under law, they can no longer be produced or imported as of january 1st though retailers can clear their remaining stocks. government will turn out the lights on traditional 60 and 40-watt bulbs in 2014. >>> it's what everyone is talking about, i think. reality tv star kim kardashian and rapper kanye west are expecting their first child. west made the announcement last night at a concert in atlantic city. west is 35. kardashian is 32, she is in the process of divorcing kris humphries, whom she married in 2011. >>> still ruled at the box office, stayed on top for a third
president obama is the most admired man. >>> congress will spend part of the new year in session, trying to come up with a deal that will prevent the nation from going over the fiscal cliff. >>> the american academy of pediatrics has released a new statement encouraging elementary schools to let kids have their play time. recess gives children the opportunity to develop skills that can't be taught in the classroom, that it should not serve as a substitute for phys. ed. class....
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Dec 31, 2012
12/12
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. >>> on meet the press president obama accused republicans of protecting the wealthiest americans from tax hikes. >> reporter: the president has asked his plan, which includes tax hikes, to be given an up or down vote. >>> i'm watching your money. asian stock markets mostly closed or traded lower today on diminished hopes u.s. lawmakers can come to an agreement on the fiscal cliff. wall street has a full trading day today. checking the numbers for you the dow starts this morning at 12938. that's right below 13,000 after selling off 158 points on friday. of course over concerns about the fiscal cliff. the nasdaq lost more than 25 points and the s & p 500 was off by around 16 points. >>> real estate in ocean city is moving off the market at a very brisk pace right now. numbers from the coastal association of realtors shows a 25% reduction in the inventory of unsold condos in ocean city. that includes multi-million dollar properties. the data show contracts are up 14% year to date with settlements up 6%. inventory increased sharply from march through november after being flat from last de
. >>> on meet the press president obama accused republicans of protecting the wealthiest americans from tax hikes. >> reporter: the president has asked his plan, which includes tax hikes, to be given an up or down vote. >>> i'm watching your money. asian stock markets mostly closed or traded lower today on diminished hopes u.s. lawmakers can come to an agreement on the fiscal cliff. wall street has a full trading day today. checking the numbers for you the dow starts...